Web 3.0 is going to bring a revolution to the internet that will change the concept of everything about digitalisation. Most vital digital organizations and industries and several block chain industries have a wishlist for Web 3.0.
According to a November analysis from crypto investment firm Grayscale,”while the metaverse is still evolving, several crucial components have begun to take shape and are revolutionising everything from e-commerce to media and entertainment, and even real estate.”
Mark Zuckerberg, the founder of Facebook, drafted out his concept for Web 3.0 and the metaverse at the company’s developer conference this year. He recently pivoted the future of his trillion-dollar social media giant, renamed Meta, on the metaverse. It will look obvious in hindsight but the metaverse carries opportunities in digital events, e-commerce sales, digital advertisements and merchandising. He claimed, “I believe the metaverse is the next chapter for the internet.”
Approved, the metaverse has the potential to change life as we know it to an existence where our digital presence becomes as important as our physical presence. It is also for this reason that Zuckerberg says the metaverse would rather be a collaborative project rather than a one-company show.
Every section of Web 3.0 was advanced by the pandemic of 2020. Aspects of Web 3.0 prompted many businesses to accelerate their digital transformation plans, from making it possible for huge groups of people to hang out online for long periods of time — a social and workplace demand — to the following large virtual economies of scale.
Zuckerberg considers the metaverse a natural inheritor of the mobile internet. If it is anything to go by the impact that mobile internet has had on the day-to-day, then you should not let the metaverse fly unnoticed on your radar. It will be exciting to see what the implications are of the metaverse developing further.
Looking ahead to Web 3.0, there has been a journey to identify and define the web’s future. Netscape was the first browser to link users to the internet during the Web 1.0 era. By connecting people to online groups throughout 2.0, Facebook ignited a revolution.
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